XRP price fell over 14% year-to-date pressured by Ripple’s ongoing legal battle with the SEC so a bounce is in order, analysis suggests.
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- Crunch
- Global
Wall Street experienced a quiet session during morning trading on Tuesday, influenced by a lack of significant economic data and minimal updates on earnings from major large-cap companies.
Traders largely disregarded the latest hawkish comments from Minneapolis Fed President Neel Kashkari, who noted progress on inflation seen in the latter half of 2023 had stalled and mentioned the Federal Reserve might raise rates if inflation becomes persistent.
Kashkari also revealed he initially predicted two rate cuts for the year, but now anticipated possibly maintaining two, or reducing to one or none by the June Summary of Economic Projections.
The S&P 500 saw a modest increase of 0.2% around…
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Former SEC official John Reed Stark has criticized the misuse of “regulation by enforcement” claims in a hearing before U.S. Congress.
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The advent of bitcoin ETFs came only after a legal victory over the Securities and Exchange Commission.
A similar action could be what it takes to get US spot ether ETFs over the finish line, law professionals told Blockworks.
And let’s not forget Consensys’ lawsuit against the US securities regulator, which they added could play a role in helping sort out the ether ETF question.
Bitcoin ETFs born from a legal victory
In a world where the SEC and crypto companies constantly appear to be at odds, the courts have been able to offer some clarity.
Judges in the DC Circuit Court of Appeals ruled last August that the SEC’s decision to deny the conversion of the Grayscale Bitcoin Trust…
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A majority of respondents with crypto-positive views said they intended to vote in 2024, where tight elections in certain states could swing to either political party.
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Botanix Labs, a Bitcoin development startup based in New York and founded at Harvard, has announced a significant funding of $11.5 million in a press release sent to Bitcoin Magazine.
This funding round, led by prominent investors including UTXO Management, Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE, Andrew Kang, Dan Held, Dovey Wan, Eric Wall and others, will fuel the creation of the Spiderchain. Spiderchain claims to be the first Bitcoin-native Layer 2 primitive with full EVM equivalence, envisioned to support a global financial system built on Bitcoin. This funding follows a previous seed series round of $8.5 million in April.
“Our team at Botanix Labs…
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BIGCAP COINS:
- Pepe: Market Cap of $3.4 Billion.
- Bitcoin: Market Cap of $1.2 Trillion.
- Solana: Market Cap of $69.5 Billion.
MIDCAP COINS:
- Zeus Network: Market Cap of $72.4 Million.
- Voxies: Market Cap of $40.9 Million.
- Aevo: Market Cap of $155 Million.
RISING COINS:
- Three Protocol Token: Market Cap of $39.1 Million.
- Apu Apustaja: Market Cap of $247 Million.
- Ethernity: Market Cap of $107 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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Crypto analyst Charles Edwards believes we’ve entered “the 12-month window” to make altcoin profits: X Hall of Flame.
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Adam Back, CEO of Blockstream and a prominent figure in the cryptocurrency industry, recently took to X to share a bold prediction about Bitcoin’s future. He pointed out that one Bitcoin is approximately ten times scarcer than one kilogram of gold, making its current valuation similar to the precious metal.
Back suggested that this discrepancy in scarcity will soon lead to a significant repricing of Bitcoin. In his view, Bitcoin is poised to surpass gold’s value within the current market cycle, potentially reaching parity with the equivalent of 10 kilograms of gold per Bitcoin.
This forecast is in line with the growing sentiment among cryptocurrency enthusiasts that Bitcoin will soon replace gold as a preferred store of value. With its limited supply and increasing adoption, Bitcoin seems ready to cement its position as a digital alternative to gold.
Quantum computers will be able to crack today’s main cryptographic algorithms employed by the whole internet, including banking applications, email providers, and social media platforms.
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